7.03.2010

Zimbabwe Ben was here

Not that there's anything wrong with that



When it's the #1 type-ahead suggestion on Google, it's probably time to come out of the closet.

7.02.2010

Walking along in the Mission

There's a grittiness and authenticity in San Francisco's Mission District that's lacking in most of California.

Mattresses for sale piled on the sidewalk just off the truck, handmade unfinished wooden dressers straight from Mexico in the mom-and-pop furniture store, a guy selling hot dogs without a permit from his truck in a metered space on the side of the road, a taco shop or two on every block.

People here work hard, and work to buy and sell the necessities of life. They're poor, but they're doing something real.

The rest of us in Disneyfied California earn outrageous wages compared to our global counterparts to do things like push oversized mortgages and overpriced education on unwitting victims, and after work we suck out another $100,000 for botox and cruises from the home ATM.

This Depression is gonna hurt us phoneys a lot more than it hurts the good people of the Mission.

ObamaCare going bankrupt before it even gets started

ObamaCare has only $5 billion to cover millions of the sickest Americans for the next 3 1/2 years.

HHS officials aren't saying whether they'll let people die or ask for more money, but obviously the government can just pile billions more onto our children's debt.

After January 1, 2014, the government will dump all of the sick people onto any private plans still silly enough to try to remain in business.

Natives getting restless now

7.01.2010

Goldman Sachs paedophile Todd Genger gets probation

... because there's one kind of justice for ordinary folks, and another for Goldmanites.

Bernanke, Geithner lied to Congress about the crap assets the Fed was illegally buying to bail out Wall Street

Just another day at the office for the unaccountable, rogue Fed:
Federal Reserve Chairman Ben S. Bernanke and then-New York Fed President Timothy Geithner told senators on April 3, 2008, that the tens of billions of dollars in “assets” the government agreed to purchase in the rescue of Bear Stearns Cos. were “investment-grade.” They didn’t share everything the Fed knew about the money.

The so-called assets included collateralized debt obligations and mortgage-backed bonds with names like HG-Coll Ltd. 2007-1A that were so distressed, more than $40 million already had been reduced to less than investment-grade by the time the central bankers testified. The government also became the owner of $16 billion of credit-default swaps, and taxpayers wound up guaranteeing high-yield, high-risk junk bonds.

It's different this time

No, really. It is.